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Recent items include:

  • Too hot to deduct
  • Which States Allow Deductions for Overtime Pay in 2026?
  • Which States Allow Deductions for Tipped Income in 2026?

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accountingtoday.com /1 month ago

Too hot to deduct

A documented compensation study protects a growing C corporation's biggest deduction from being recast as a dividend.

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itep.org /2 weeks ago

Which States Allow Deductions for Overtime Pay in 2026?

The federal deductions for up to $25,000 in tipped income, for a similar amount of overtime pay, and for some auto loan payments have not been widely adopted by states. As of late...

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itep.org /3 weeks ago

Which States Allow Deductions for Tipped Income in 2026?

The federal deductions for up to $25,000 in tipped income, for a similar amount of overtime pay, and for some auto loan payments have not been widely adopted by states. As of late...

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currentfederaltaxdevelopments.com /3 weeks ago

Unmasking the $70 Million Dubai Fraud: A Technical Analysis of Section 165 Theft Loss Deductions in Deutsch v. Commissio...

Deutsch v. Commissioner, T.C. Memo. 2026-66, August 12, 2026 For tax professionals representing clients who have fallen victim to fraudulent investment schemes, securing a the...

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currentfederaltaxdevelopments.com /1 month ago

The Evolution of Qualified Overtime Compensation Deductions: Analyzing IRS Fact Sheet FS-2026-13 and Its Practical Impli...

Internal Revenue Service, Fact Sheet FS-2026-13, “Updates to Questions and Answers About the New Deduction for Qualified Overtime Compensation” (August 2026) The enactment o...

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survivefrance.com /1 month ago

Avis d’imposition 2026

10% in deductions in total doesn’t sound unreasonable at all, David. I’ve no idea what your total income is (that’s info you might want to keep private) and I’m not a huge fan of A...

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moneysense.ca /1 month ago

Newly employed? Know your tax deductions  

From home office costs to travel expenses, discover the tax deductions employees may qualify for and how to claim them properly. The post Newly employed? Know your tax deductions  ...

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thetaxtalk.com /1 month ago

Suspicion Alone Cannot Justify Income Tax Additions: Supreme Court Upholds Deletion of ₹16.61 Crore Alleged Unaccounted...

Suspicion Alone Cannot Justify Income Tax Additions: Supreme Court Upholds Deletion of ₹16.61 Crore Alleged Unaccounted Sales Tax Assessments Must Be Based on Evidence, Not Mathema...

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tribune.com.pk /3 weeks ago

K-P rejects Rs6.4b federal deduction

Afridi says no constitutional, legal basis exists for deduction from July's transfers without consent

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valueresearchonline.com /1 month ago

The last big tax break left in the new regime

The employer NPS contribution is one of the few deductions left under the new tax regime. Learn who can claim the 14 per cent benefit and how it works.

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thetaxtalk.com /1 day ago

Section 24(b): Processing Fee, Insurance and Maintenance Charges Can Also Qualify as “Interest”

Section 24(b): Processing Fee, Insurance and Maintenance Charges Can Also Qualify as “Interest”     When a taxpayer borrows money to acquire a property and pays the bank not merely...

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journalofaccountancy.com /4 weeks ago

IRS updates overtime deduction FAQs, adds reporting details

Workers generally may claim the overtime pay deduction only for amounts reported on Form W-2, Wage and Tax Statement, beginning in tax year 2026, according to updated IRS FAQs. The...

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accountingtoday.com /2 weeks ago

IRS updates guidance on overtime deduction

The Internal Revenue Service has updated the questions and answers in its fact sheet on the new overtime deduction under the One Big Beautiful Bill Act, now known as the Working Fa...

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itep.org

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thetaxtalk.com

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tribune.com.pk

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accountingtoday.com

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currentfederaltaxdevelopments.com

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journalofaccountancy.com

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